One of the oldest family businesses in the world has just appointed its 51st family member to help run the company. The new partner will also have unlimited liability responsibilities, as it has always been for family members employed at partner level for the London-based group.
Subscribe
You will need a Premium+ Subscription to read this article.
Exclusive news, analysis and research on global family enterprise and private investment offices
Already have an account? Sign in
Already have an account? Sign in
You've reached the end.
Continue reading free articles by registering as a Member.
Or choose a Premium Plan.
Already have an account? Sign in
One response to “51st family partner and unlimited liability – how is this possible in the 21st century?”
A large insurance policy notwithstanding I think it is certainly something to be admired, and something that should give Hoare & Co’s clients a lot of comfort. Alignment of interests and the subsequent management of risks are important factors in any client relationship. At Baillie Gifford we believe our ownership structure – we are a 115-year-old unlimited liability private partnership – is a key strength of our business. It gives us significant freedom to think and act long term, and it allows us to put our clients at the centre of everything we do.